IAC/InterActiveCorp (NASDAQ:IAC) Given Average Rating of “Buy” by Brokerages

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Shares of IAC/InterActiveCorp (NASDAQ:IAC) have earned a consensus rating of “Buy” from the twenty-two brokerages that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $294.94.

A number of research firms recently commented on IAC. SunTrust Banks set a $265.00 price objective on shares of IAC/InterActiveCorp and gave the stock a “buy” rating in a report on Friday, October 11th. Citigroup began coverage on shares of IAC/InterActiveCorp in a report on Tuesday, September 17th. They set a “buy” rating and a $290.00 price objective on the stock. Nomura boosted their price objective on shares of IAC/InterActiveCorp from $282.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Credit Suisse Group boosted their price objective on shares of IAC/InterActiveCorp from $263.00 to $284.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, Aegis reissued a “buy” rating and set a $320.00 price objective on shares of IAC/InterActiveCorp in a report on Tuesday, September 3rd.

In related news, EVP Gregg Winiarski sold 73,409 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $253.54, for a total transaction of $18,612,117.86. Following the completion of the transaction, the executive vice president now owns 206,342 shares of the company’s stock, valued at $52,315,950.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael H. Schwerdtman sold 6,676 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $255.55, for a total transaction of $1,706,051.80. The disclosure for this sale can be found here. In the last three months, insiders sold 185,781 shares of company stock valued at $46,305,995. Company insiders own 11.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of IAC. Marshall Wace LLP acquired a new position in IAC/InterActiveCorp during the first quarter worth approximately $1,349,000. Nordea Investment Management AB increased its position in shares of IAC/InterActiveCorp by 21.3% in the first quarter. Nordea Investment Management AB now owns 3,657 shares of the company’s stock worth $769,000 after acquiring an additional 643 shares in the last quarter. FMR LLC increased its position in shares of IAC/InterActiveCorp by 7.7% in the first quarter. FMR LLC now owns 528,661 shares of the company’s stock worth $111,077,000 after acquiring an additional 37,868 shares in the last quarter. Cooper Financial Group increased its position in shares of IAC/InterActiveCorp by 7.3% in the second quarter. Cooper Financial Group now owns 1,223 shares of the company’s stock worth $266,000 after acquiring an additional 83 shares in the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of IAC/InterActiveCorp in the second quarter worth $29,000. 89.66% of the stock is owned by hedge funds and other institutional investors.

Shares of IAC/InterActiveCorp stock traded up $0.37 during trading on Monday, hitting $226.83. 534,700 shares of the stock were exchanged, compared to its average volume of 857,878. The company has a debt-to-equity ratio of 0.82, a current ratio of 4.11 and a quick ratio of 4.11. The stock has a market cap of $19.09 billion, a price-to-earnings ratio of 40.58 and a beta of 0.90. IAC/InterActiveCorp has a 12-month low of $158.29 and a 12-month high of $268.72. The firm’s 50-day moving average price is $227.52 and its 200 day moving average price is $231.10.

IAC/InterActiveCorp (NASDAQ:IAC) last issued its earnings results on Wednesday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.27. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. IAC/InterActiveCorp had a net margin of 11.99% and a return on equity of 12.44%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.32 earnings per share. As a group, research analysts forecast that IAC/InterActiveCorp will post 4.4 earnings per share for the current year.

About IAC/InterActiveCorp

IAC/InterActiveCorp, together with its subsidiaries, operates as a media and Internet company in the United States and internationally. The company's Match Group segment provides subscription dating products under the Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, and other brands.

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Analyst Recommendations for IAC/InterActiveCorp (NASDAQ:IAC)

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